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Pin to quick picksOcado Share News (OCDO)

Share Price Information for Ocado (OCDO)

London Stock Exchange
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Share Price: 288.90
Bid: 289.70
Ask: 290.90
Change: 2.00 (0.70%)
Spread: 1.20 (0.414%)
Open: 287.00
High: 293.50
Low: 284.40
Prev. Close: 286.90
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Earnings, retailers drag on index

Tue, 15th Nov 2022 09:25

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at .

EARNINGS, RETAILERS DRAG ON INDEX (0917 GMT)

The pan-European STOXX 600 is up 0.1% this morning, as a spate of less than impressive earnings drags on the index.

Vodafone shares, down 5.5%, are providing the biggest negative weight, after the European mobile operator cut its outlook citing a challenging economic backdrop.

But Danish medical device maker Ambu is the biggest loser on a percentage basis, down 14.2% after issuing a cautious outlook.

On a sector basis retailers are faring worst, down 1%, as supermarket Ocado saw shares drop as much as 11% in early trading while B&M shares fell 3.9%.

Utilities are the best performing on a sector basis, trading 0.9% higher as UK power generator Drax Group shares rise 4.5%. British Gas owner Centrica shares are also up 4.1% after the company launched a share buyback.

EUROPEAN FUTURES SIGNAL MIXED SESSION (0735 GMT)

FTSE futures are lagging the rest of Europe pre-open, trading virtually flat versus a 0.54% lift for STOXX futures and DAX futures.

Britain's unemployment rate rose to 3.6% in the three months to September - growing more than economists polled by Reuters, who had expected the jobless rate to remain at 3.5%.

Meanwhile earnings are still trickling through, and are a mixed bag today, with some key British companies reporting.

British commercial property firm Land Securities slumped to a half-year loss, as property valuations fell due to surging interest rates and inflation, while Vodafone cut its full-year free cash flow forecast and said earnings would come in towards the bottom of its range.

Britain's biggest defence company BAE Systems forecast more growth for 2023 and Germany's Infineon Technologies raised its long-term financial targets.

Beyond Europe, the latest data out of China has dampened the previously buoyant mood encouraged by signs that the world's second-largest economy may loosen some COVID-19 restrictions, which have hit factory output and retail sales.

More murky numbers came from Japan, where the economy unexpectedly shrank for the first time in a year in the third quarter.

Collapsed crypto exchange FTX released official bankruptcy filings earlier today.

LET'S TALK RATES AGAIN (0709 GMT)

Just as investors were starting to put aside worries of rate increases from the Federal Reserve, the narrative is again shifting to tighter U.S. monetary policy.

In Europe also, policy makers are reminding markets that as long as broad-based inflation is not tamed, rate increases are still on the agenda.

France's central bank chief said in a speech in Tokyo the European Central Bank will probably keep raising interest rates beyond 2%, but "jumbo" rate hikes will not become a new habit.

The comments came a day after Swiss National Bank Chairman Thomas Jordan issued another rate increase warning, saying it was likely the central bank will need to act again as inflation is set to remain elevated.

Tuesday's data calendar has jobs figures due from the United Kingdom along with euro zone third-quarter GDP numbers and Germany's ZEW sentiment index.

News from China was disappointing as data showed factory output grew more slowly than expected and retail sales unexpectedly dropped in October, suggesting the world's second-largest economy is losing momentum.

Still, investors seemed to pay more attention to the easing of tensions in U.S.-China relations after the heads of the world's top two economies met on the sidelines of the G20 Summit in Bali, Indonesia.

Asian stock markets advanced, with Chinese and Hong Kong shares - big underperformers so far this year - logging strong gains.

The dollar index was steady after it recovered on Monday from a three-month low struck on Friday.

Meanwhile, Donald Trump is expected to announce another White House bid on Tuesday even as Florida Governor Ron DeSantis is cementing himself as the Republican Party's top rising star.

Key developments that could influence markets on Tuesday:

Economic data: UK Sep jobs, Euro zone Q3 employment, GDP flash GDP, Germany ZEW sentiment index

U.S. data: NY Fed manufacturing index, Oct PPI data

Speakers: Federal Reserve Bank of Philadelphia President Patrick Harker

Earnings: Vodafone, Infineon Technologies, Walmart, Home Depot

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17 Jul 2023 00:01

UK consumer group calls for government action on grocery prices

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14 Jul 2023 16:32

Grocer, trainmaker and landlord among most shorted stocks in June - Hazeltree

LONDON, July 14 (Reuters) - Shortsellers betting on tougher economic conditions zeroed in on online grocer Ocado , Swedish property firm Fastighets AB Balder and French train maker Alstom in June, according to a report by data and tech firm Hazeltree.

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14 Jul 2023 13:48

Grocer, trainmaker and landlord among most shorted stocks in June - Hazeltree

LONDON, July 14 (Reuters) - Shortsellers betting on tougher economic conditions zeroed in on online grocer Ocado , Swedish property firm Fastighets AB Balder and French train maker Alstom in June, according to a report by data and tech firm Hazeltree.

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11 Jul 2023 15:44

UK earnings, trading statements calendar - next 7 days

Wednesday 12 July 
Atalaya Mining PLCHalf Year Results
Carclo PLCFull Year Results
Grafton Group PLCTrading Statement
Loungers PLCFull Year Results
JD Wetherspoon PLCTrading Statement
ME Group International PLCHalf Year Results
PageGroup PLCTrading Statement
Renold PLCFull Year Results
Ten Entertainment Group PLCTrading Statement
Tharisa PLCTrading Statement
Tullow Oil PLCTrading Statement
Thursday 13 July 
Barratt Developments PLCTrading Statement
Brooks Macdonald Group PLCTrading Statement
Brunner Investment Trust PLCHalf Year Results
DCC PLCTrading Statement
DSW Capital PLCFull Year Results
Experian PLCTrading Statement
Hays PLCTrading Statement
Gym Group PLCTrading Statement
Hipgnosis Songs Fund LtdFull Year Results
Ilika PLCFull Year Results
John Wood Group PLCTrading Statement
musicMagpie PLCHalf Year Results
TClarke PLCHalf Year Results
Watches of Switzerland Group PLCFull Year Results
Friday 14 July 
Ashmore Group PLCTrading Statement
Burberry Group PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
McBride PLCTrading Statement
Ninety One PLC and LtdTrading Statement
Monday 17 July 
Brickability Group PLCFull Year Results
Gore Street Energy Storage Fund PLCFull Year Results
Northern Bear PLCFull Year Results
Tuesday 18 July 
Arbuthnot Banking Group PLCHalf Year Results
Artisanal Spirits Co PLCTrading Statement
IntegraFin Holdings PLCTrading Statement
Luceco PLCTrading Statement
Midwich Group PLCTrading Statement
Ocado Group PLCHalf Year Results
Petra Diamonds LtdTrading Statement
Record PLCTrading Statement
Rio Tinto PLCTrading Statement
Wise PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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10 Jul 2023 09:27

LONDON BROKER RATINGS: HSBC downgrades commercial property stocks

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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10 Jul 2023 08:24

Ocado launches first robotic warehouse in Asia with Aeon

LONDON, July 10 (Reuters) - British online supermarket and technology group Ocado said on Monday its first robotic warehouse in Asia, built for Japanese partner Aeon , has gone live.

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7 Jul 2023 09:31

LONDON BROKER RATINGS: HSBC raises ConvaTec; Berenberg cuts BHP

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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6 Jul 2023 09:25

LONDON BROKER RATINGS: JPMorgan raises Mondi and Smurfit Kappa

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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4 Jul 2023 16:49

LONDON MARKET CLOSE: Tepid close after quiet day with US market closed

(Alliance News) - Stocks in London were largely higher on Tuesday, though the FTSE 100 slipped into the red amid weakness, while US markets were shut for the independence day holiday.

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29 Jun 2023 17:01

AutoStore to appeal London high court loss to Ocado in patent feud

LONDON, June 29 (Reuters) - Norwegian robotics firm AutoStore said on Thursday it will appeal a London high court judgement in March which dismissed its patent infringement claims against British online supermarket and technology group Ocado.

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29 Jun 2023 08:48

LONDON MARKET OPEN: Tough talk from central bankers sends stocks lower

(Alliance News) - Stock prices in London were lower on Thursday morning after major central bank chiefs made it clear on Wednesday that global interest rates will keep rising.

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29 Jun 2023 05:59

Ocado announces price cuts to milk and other 'everyday essentials'

(Alliance News) - Ocado Group PLC has announced price cuts on milk and other items as grocers compete to pass on falls in wholesale costs to customers.

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29 Jun 2023 00:01

Britain's Ocado follows rivals in cutting some prices

Ocado cuts prices of over 100 essential items

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28 Jun 2023 15:51

Ocado drops after media report of Amazon denying possible bid

LONDON, June 28 (Reuters) - Ocado shares fell as much as 11% on Wednesday, with traders attributing the drop to a media report that Amazon had denied speculation it would make a bid for the British retail company.

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28 Jun 2023 12:34

Ocado drops after media report of Amazon denying possible bid

LONDON, June 28 (Reuters) - Ocado shares fell by as much as 11% on Wednesday, with traders attributing the drop to a media report that said Amazon had denied reports it would make a bid for the retail company.

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